Groveport Community Improvement Corporation
- Assets
- $2.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Groveport, OH
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 03-0422755
Organization Overview
Groveport Community Improvement Corporation is located in Groveport, OH. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groveport Community Improvement Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Groveport Community Improvement Corporation generated $1.9m in total revenue. All expenses for the organization totaled $2.4k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GROVEPORT COMMUNITY IMPROVEMENT CORPORATION (THE "CORPORATION") WAS CREATED IN 2002 AND INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE FOR THE PURPOSE TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT FOR THE CITY OF GROVEPORT (THE "CITY"). THE CORPORATION HAS BEEN DESIGNATED AS THE CITY'S AGENT FOR INDUSTRIAL AND COMMERCIAL DISTRIBUTIONS, RESEARCH DEVELOPMENT AND COMMUNITY EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERIOR BUILDOUT CONSTRUCTION FOR TWO NEW RESTAURANTS LOCATED AT 480 MAIN STREET AND 674 MAIN STREET, GROVEPORT, BEGAN IN 2022. CONSTRUCTION IN PROGRESS ASSOCIATED WITH THE LANDLORD'S SHARE OF INTERIOR BUILDOUT COSTS TOTALED $1,091,754 AT DECEMBER 31, 2022. THESE RESTAURANTS OPENED IN CALENDAR YEAR 2023.
DONATION TO THE GREATER GROVEPORT HUMAN NEEDS FOR FOOD PANTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Dildine Vice President | Trustee | 1 | $0 |
Jean Ann Hilbert Board Member | Trustee | 1 | $0 |
Stephen Moore Board Member | Trustee | 1 | $0 |
Patrick Pickett President | Trustee | 1 | $0 |
Jim Beidler Board Member | Trustee | 1 | $0 |
Ben Strunk Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,860,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,861,725 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,861,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,091,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,141,291 |
| Accounts payable and accrued expenses | $277,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $277,549 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,859,312 |
| Total liabilities and net assets/fund balances | $2,141,291 |